Global Ceramic Armor Market 2018-2022

Technavio’s market research analysts have predicted that the ceramic armor market will register a CAGR of more than 6% by 2022. This industry research report presents a detailed analysis of the ceramic armor market by application such as defense armor, body armor, and others. The report also presents an analysis of the market’s growth across various geographic regions such as the Americas, APAC, and EMEA.

Global Ceramic Armor Industry Overview

Globally, there has been a significant increase in defense budgets. Developing countries such as China and India have increased their defense budgets in recent years. While China increased its defense budget from US$151.4 billion in 2017 to US$175 billion in 2018 for national security, India increased its defense budget from $51.1 billion in 2016 to $52.5 billion in 2017 for advances in military and defense systems. The defense sector accounts for a significant share of the global ceramic armor market. The numerous applications in defense and special security vehicles will contribute considerably to the growth of the ceramic armor market. Hence, the increasing investments by India and China in defense applications will fuel the ceramic armor market growth through the forecast period.

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Top ceramic armor companies covered in this industry research report

The ceramic armor market is fragmented as it features a number of specialized companies. Increasing threats from terrorist groups is keeping the manufacturers in this market competitive. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the top ceramic armor companies, this industry analysis report will help prospective clients identify new growth opportunities and design new growth strategies.  

This report offers a complete analysis of ceramic armor manufacturers including:

• 3M
• CeramTec
• CoorsTek
• Saint-Gobain
• II-VI M Cubed

Ceramic armor market growth based on geographic regions:

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will contribute to the maximum share of this ceramic armor market through the predicted period. Growth in this region can be attributed to the increasing investments in defense applications.

Ceramic armor market growth based on application:

• Defense armor
• Body armor

According to our market research experts, the defense armor segment will account for the maximum growth of the market. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the ceramic armor market size.

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Key highlights of the global ceramic armor market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the ceramic armor market during the next five years
• Precise estimation of the global ceramic armor market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the ceramic armor industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of ceramic armor manufacturers

What’s your takeaway?

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global ceramic armor market and its stakeholders over the forecast years.

The market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the ceramic armor market size till 2022. To know more about markets that will influence the growth of the ceramic armor market over the coming years, CLICK HERE.

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